American Market Outlook and Interest Rates

The American financial market remains focused on the upcoming Federal Reserve meeting (Fed), with the possibility of a rate cut in the spotlight. After a period of combating inflation through high rates, any sign of relief from the Fed is eagerly awaited by investors.
A potential reduction would be seen as a stimulus to the economy, likely boosting the stock market, especially the technology sector and companies that rely on cheap credit. The reasoning is that lower borrowing costs encourage spending, investment, and mergers and acquisitions.
However, the Fed has been cautious, seeking a "soft landing"—controlling inflation without causing a deep recession. Therefore, the decision will depend directly on the most recent economic data, such as the level of inflation (especially the PCE, the Fed's preferred index) and the labor market. If these indicators show a sustainable cooling, a rate cut becomes more likely.
In summary, uncertainty hangs in the air. Although the reduction is a market desire, the Fed's caution in ensuring that inflation is truly under control may delay or moderate the decision.
How do you think this potential decision could impact the dollar in relation to the real?